Investment Week (August 4)
“The outlook for the UK equity market feels particularly depressed and it is not hard to see why. Even after June’s better-than-expected inflation figures, core UK inflation remains high, which suggests higher interest rates for longer. Commentators are expecting that the base rate, which at 5.25% is at its highest for over 15 years, is likely to peak around 5.75%. This would bring even more pain for mortgage borrowers and greater government borrowing costs to an already faltering economy.”
Tags: 5.25%, 5.75%, Base rate, Borrowers, Depressed, Equity market, Inflation, Interest rates, Mortgage, Outlook, Pain, Peak, UK
The Guardian (October 23)
“Weak, depressed and despondent” describes the government benches as Prime Minister Theresa May made her “now-ritual update” to the Commons “on the continued lack of progress in the Brexit negotiations.” The update has “become as painful for the Conservative party as it has for the prime minister.” That said, it should be noted that some “deranged Brexiters” found a chance to roar “their approval at Britain becoming worse off than Mongolia and Mauritania.”
Tags: Brexit, Commons, Conservatives, Depressed, Deranged, Despondent, Government, Mauritania, May, Mongolia, Progress, Update, Weak
